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    You are at:Home » BNB Overbought: Rally Left or Sell Off Coming?
    Crypto

    BNB Overbought: Rally Left or Sell Off Coming?

    James WilsonBy James WilsonJuly 23, 2025No Comments2 Mins Read
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    BNB is currently trading around $766, reflecting a slight ‑1.7% dip intraday. Despite this modest pullback, the token remains about 6% above its early-week lows, supported by robust market sentiment and institutional buying.

    In this article, we will look at bnb next target and latest news.

    For on-demand analysis of any cryptocurrency, join our Telegram channel.

    BNB Next Target

    • Current Price: $766.36
    • 24h Price Change: –0.17%
    • 24h Range: $762.97 – $808.27
    • Market Cap: ~$106.5 billion
    • 24h Trading Volume: ~$3.3–3.9 billion
    • Circulating Supply: ~139.3 million BNB
    • Max Supply: 200 million BNB
    BNB Next TargetBNB Next Target

    Price is in an Uptrend. It broke out of Falling Wedge, above 200 SMA and $700 resistance, which signaled continuation of uptrend. It’s now made a new ATH at $804! However, price is getting very overbought (RSI > 80!) at this resistance level, hence, we could see a pause and pullback as traders take profits.

    Key Technical Indicators

    • ATH Breakout: BNB recently surged past $800—a fresh all-time high—buoyed by a 16% weekly gain.
    • RSI: Near overbought territory (~69–70), suggesting that short-term consolidation or mild pullback is possible.
    • Support Levels: $760–$765 (recent intraday support), then $750–$755 (4‑hour support level).
    • Resistance Levels: Intraday high near $809–$810, with next targets around $850–$860 on sustained bullish momentum.

    Latest BNB News & Developments

    • Record-Breaking Price
      BNB hit a new all-time high of $804–$809 following strong token burn programs, rising DEX volume, and institutional purchases.
    • Institutional Accumulation
      Nano Labs added approximately 120,000 BNB (~$90 million) to its treasury via OTC purchases; other corporates also increased holdings.
    • Usage & On‑Chain Activity
      Daily transactions on BNB Chain exceeded 5 million, and daily DEX volume surpassed $14 billion, drawing attention for on-chain utility.
    • Altcoin Leadership
      BNB now ranks as the 5th-largest cryptocurrency by market cap, briefly overtaking Solana, reinforcing its position in the altseason narrative.

    Summary & Outlook

    BNB remains strong but poised for either continued rally or consolidation

    • Bull Case: Holding above $760–$765 and closing above $809–$810 could set sights on $850–$860 next.
    • Bear Case: Failing to hold intraday support could pull prices back toward $750, with deeper support near $734–$740.

    👉 Short-Term Outlook: Bullish with potential consolidation
    📉 Risk Level: Moderate – overbought conditions suggest monitoring ahead of next move

    For on-demand analysis of any cryptocurrency, join our Telegram channel.

    Harsh PanghalHarsh Panghal

    Harsh Panghal

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